Live Nation hails biggest Q1 in company history
"Fan demand has never been stronger," says Michael Rapino after the promoter posted its latest set of record results
News By James Hanley | 6 May 2022
Live Nation boss Michael Rapino says the company’s Q1 business “greatly surpassed” expectations after delivering its best Q1 performance ever.
The promoter recorded operating income of $27 million and AOI of $209m for the first three months of the year, while its Ticketmaster division posted another record quarter, with big growth in operating revenue, AOI and transacted GTV compared with the last pre-pandemic year of 2019.
Sponsorship operating income and AOI were also up 83% and 75%, respectively, on three years ago.
“Artists…
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